Common use of Acceptance and Payment Clause in Contracts

Acceptance and Payment. To accept such Disposition Prepayment Offer, a holder of Notes shall cause a notice of such acceptance to be delivered to the Company not later than twenty (20) days after the date of such written notice from the Company, provided, that failure to accept such offer in writing within twenty (20) days after the date of such written notice shall be deemed to constitute a rejection of the Disposition Prepayment Offer. If so accepted by any holder of a Note, such offered prepayment (equal to such holder’s Ratable Portion of the Net Proceeds in respect of such Debt Prepayment Transfer) shall be due and payable on the Disposition Prepayment Date. Such offered prepayment shall be made at 100% of the principal amount of such Notes being so prepaid, together with interest on such principal amount then being prepaid accrued to the Disposition Prepayment Date determined as of the date of such prepayment. The prepayment shall be made on the Disposition Prepayment Date.

Appears in 2 contracts

Samples: Note Purchase and Private Shelf Agreement (Arch Chemicals Inc), Note Purchase and Private Shelf Agreement (Arch Chemicals Inc)

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Acceptance and Payment. To accept such Disposition Transfer Prepayment Offer, a holder of Notes shall cause a notice of such acceptance to be delivered to the Company not later than twenty (20) days after the date of such written notice from the Company, provided, that failure to accept such offer in writing within twenty (20) days after the date of such written notice shall be deemed to constitute a rejection of the Disposition Transfer Prepayment Offer. If so accepted by any holder of a Note, such offered prepayment (equal to not less than such holder’s Ratable Portion of the Net Proceeds net proceeds in respect of such Debt Prepayment Transfer) shall be due and payable on the Disposition Transfer Prepayment Date. Such offered prepayment shall be made at one hundred percent (100% %) of the principal amount of such Notes being so prepaid, together with interest on such principal amount then being prepaid accrued to the Disposition Transfer Prepayment Date determined as of the date of such prepayment. The prepayment shall , plus any Swap Reimbursement Amount or minus any Net Gain applicable to each Note to be made on the Disposition Prepayment Dateprepaid.

Appears in 2 contracts

Samples: Note Purchase Agreement (Ametek Inc/), Note Purchase Agreement (Ametek Inc/)

Acceptance and Payment. To accept such Disposition Transfer Prepayment Offer, a holder of Notes shall cause a notice of such acceptance to be delivered to the Company not later than twenty (20) days after the date of such written notice from the Company, provided, that failure to accept such offer in writing within twenty (20) days after the date of such written notice shall be deemed to constitute a rejection of the Disposition Transfer Prepayment Offer. If so accepted by any holder of a Note, such offered prepayment (equal to such holder’s Ratable Portion of the Net Proceeds Amount in respect of such Debt Prepayment Transfer) shall be due and payable on the Disposition Transfer Prepayment Date. Such offered prepayment shall be made at 100% of the principal amount of such Notes being so prepaid, together with interest on such principal amount then being prepaid accrued to the Disposition Transfer Prepayment Date determined as of the date of such prepayment. The prepayment shall be made on the Disposition Transfer Prepayment Date.

Appears in 2 contracts

Samples: Note Purchase Agreement (Woodward Governor Co), Note Purchase Agreement (Woodward Governor Co)

Acceptance and Payment. To accept such Disposition Transfer Prepayment Offer, a holder of Notes shall cause a notice of such acceptance to be delivered to the Company not later than twenty (20) days after the date of such written notice from the Company, provided, that failure to accept such offer in writing within twenty (20) days after the date of such written notice shall be deemed to constitute a rejection of the Disposition Transfer Prepayment Offer. If so accepted by any holder of a Note, such offered prepayment (equal to not less than such holder’s Ratable Portion of the Net Proceeds net proceeds in respect of such Debt Prepayment Transfer) shall be due and payable on the Disposition Transfer Prepayment Date. Such offered prepayment shall be made at one hundred percent (100% %) of the principal amount of such Notes being so prepaid, together with plus all interest on such principal amount then being prepaid accrued to the Disposition Transfer Prepayment Date determined as of the date of such prepayment. The prepayment shall be made on the Disposition Prepayment Date, plus any Swap Reimbursement Amount in respect of such payment, minus any Net Gain in respect of such payment in accordance with Section 8.6(c)(ii).

Appears in 1 contract

Samples: Note Purchase Agreement (Ametek Inc/)

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Acceptance and Payment. To accept such Disposition Transfer Prepayment Offer, a holder of Notes shall cause a notice of such acceptance to be delivered to the Company not later than twenty ten (2010) days Business Days after the date of such written notice from the Company, provided, that failure to accept such offer in writing within twenty ten (2010) days Business Days after the date of such written notice shall be deemed to constitute a rejection of the Disposition Transfer Prepayment Offer. If so accepted by any holder of a Note, such offered prepayment (equal to not less than such holder’s Ratable Portion of the Net Proceeds in respect of such Debt Prepayment Transfer) shall be due and payable on the Disposition Transfer Prepayment Date. Such offered prepayment shall be made at one hundred percent (100% %) of the principal amount of such Notes being so prepaid, together with interest on such principal amount then being prepaid accrued to the Disposition Transfer Prepayment Date determined as and, in respect of all Floating Rate Shelf Notes, if any, to be so prepaid, any Breakage Cost Obligation to be paid in accordance with the date provisions of such prepayment. The prepayment shall be made on the Disposition Prepayment DateSection 8.9(b).

Appears in 1 contract

Samples: Master Shelf and Note Purchase Agreement (Brown & Brown Inc)

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